CNN 5 Things 12 PM ET: Trump ‘Person of the Year,' overdraft fees crackdown, shipwreck survivor & more
Dec 12, 2024
Time Magazine honors the President-elect as its Person of the Year, sparking discussions on international relations. A missing American is found in Syria, shedding light on humanitarian efforts. Stark economic updates reveal rising wholesale prices, while a new crackdown on overdraft fees promises major savings for consumers. The remarkable story of an 11-year-old girl surviving a shipwreck for three days highlights resilience in the face of adversity.
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Trump's Recognition
- Time Magazine named Donald Trump its Person of the Year for the second time, recognizing his influence on global affairs.
- This follows his 2016 win and marks his return to the Oval Office in January.
Missing American Found
- Travis Timmerman, a missing American in Syria, has been found safe.
- He was held in a Syrian prison for months after entering the country without permission, claiming he was on a pilgrimage to Damascus.
Wholesale Inflation
- US wholesale inflation rose 3% in the 12 months ending in November, partly due to a bird flu impacting egg prices.
- Economists don't expect this to deter the Federal Reserve from cutting interest rates.